Glendale Tech Strategy

Glendale Tech Strategy

A ROADMAP FOR GROWING GLENDALE’S TECH SECTOR

Presentation Overview Tech Landscape Data Analysis Strengths & Weaknesses Recommendations Discussion

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Tech Landscape What are the best practices for promoting a city’s tech industry?

1. Understanding the existing tech scene in your city.

2. Craft strategies based on the distinct needs of the particular sub-sector being targeted.

3. Promote and connect local entrepreneurs and encourage coordination and communication among business support organizations that nurture business start-ups.

4. Invest in human capital via workforce training.

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High Tech Subsectors and Glendale-based Businesses

Aerospace Products

Architectural and Engineering Services

Biopharmaceuticals and

Medical Devices

Computer Products and Electronics Manufacturing

Computer Software, Design, and

Services and Online Publishing

Food Technology (Additional category created

for this report)

Machinery and Equipment Manufacturing

Management, Scientific, and

Technical Consulting

Media

Petroleum and Chemical Products Manufacturing

Telecommunications

Wholesale Activities related to High Tech

Glenair United Engineering Company, Inc. Quest Diagnostics Hi-Tech Electro Design LegalZoom JH Biotech Europe-Africa LLC Mechanical Concepts Liftoff Disney Interactive Media Group Avery Dennison Regus Weil Aquatronics

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Number of High Tech Firms by Subsector in Glendale and Los Angeles County, 2016

HIGH TECH SUBSECTOR Aerospace Products Architectural & Engineering Services Biopharmaceuticals & Medical Devices Computer Products & Electronics Manufacturing Computer Software, Design, Services, and Online Publishing Food Technology Machinery & Equipment Manufacturing Management, Scientific, & Technical Consulting Media Petroleum & Chemical Products Manufacturing Telecommunications Wholesale Activities Related to High Tech TOTAL

NUMBER OF FIRMS IN GLENDALE

12

194

96*

12

140

26

14

206

69

4

73

183

1,029

NUMBER OF FIRMS IN LOS ANGELES

COUNTY

628

6,435

2,232

901

4,651

892

1,114

8,775

3,543

289

3,418

8,247

41,125

PERCENT IN GLENDALE

1.9%

3.0%

4.3%

1.3%

3.0%

2.9%

1.3%

2.3%

1.9%

1.4%

2.1%

2.2%

2.5% 6

High Tech Employees by Subsector in Glendale, 2016

HIGH TECH SUBSECTOR Aerospace Products Architectural & Engineering Services Biopharmaceuticals & Medical Devices Computer Products & Electronics Manufacturing Computer Software, Design, Services, and Online Publishing Food Technology Machinery & Equipment Manufacturing Management, Scientific, & Technical Consulting Media Petroleum & Chemical Products Manufacturing Telecommunications Wholesale Activities Related to High Tech TOTAL

NUMBER OF EMPLOYEES

1,830

4,278

20,547

651

3,061

224

161

3,011

1,365

485

544

5,011

41,168

PERCENTAGE OF ALL HIGH-TECH

EMPLOYEES

4.4%

10.4%

49.9%

1.6%

7.4%

0.5%

0.4%

7.3%

3.3%

1.2%

1.3%

12.2%

100% 7

• Quality of Life • Location • Brand Blvd. • No City

Business Tax

• Tech Companies operate as islands

• Traditional office space

• Delays in permitting • Bandwidth

Strengths Weaknesses

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RECOMMENDATIONS

• Market Glendale as the place for Tech

• Promote Glendale’s Business Friendly Environment

• Create a Space for Tech

• Create and Support Glendale’s Tech Workforce

• Support Glendale’s Quality of Life

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RECOMMENDATIONS Market Glendale as the place for Tech

INTERNAL

• Creation of a Tech-Focused Advocacy Organization

• Build Civic Technology Infrastructure

EXTERNAL

• Attract trade shows and conferences

• Leverage Industry Networks

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RECOMMENDATIONS Tech Focused Organization • ID core leaders in Glendale’s tech community

willing to lead the effort

• Work with core leaders to brainstorm a path forward: develop a mission statement and priorities, create a funding strategy, etc.

• The City could offer initial support – but should ultimately be a community driven effort

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RECOMMENDATIONS Promote Glendale’s Business Friendly Environment • Develop Creative Office Space: Brand

Boulevard • Promote Business Concierge Program to

Tech Businesses

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RECOMMENDATIONS Create a Space and Programs for Tech • Preserve and Maintain Industrial and

Manufacturing Space in West Glendale • Attract Medical Related Uses:

North Glendale • Tech Accelerators/Incubators

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Accelerator Co-working Space Incubator • Cohort-based

program • Highly competitive

program • Direct mentorship

and access to resources

• Time-specific

• Space-based • Non-competitive • Similar services to

accelerator, but over a longer period of time

• Usually industry focused (e.g. biotech)

• Membership-based creative office space

• Shared working environment

• Peer-to-peer mentorship

• May attract investors or professional mentors

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RECOMMENDATIONS Tech Incubator/Accelerator • Develop an accelerator program to be

operated on a time-limited period, such as 90 days, once a year.

• Partner with a high-quality co-working space.

• Actively build relationships with investors - angel, seed-stage funds, and VCs – so Demo Days are well attended.

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RECOMMENDATIONS Create and Support a Tech Workforce

• Career Awareness • Work Experience • Continuing Education

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RECOMMENDATIONS Support Glendale’s Quality of Life

• Transportation • Public Space • Public Sector Innovation

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Glendale Tech Strategy A ROADMAP FOR GROWING GLENDALE’S TECH SECTOR